South African billionaire Zak Calisto has sold $11.5 million of Karooooo stock in three weeks
Zak Calisto has sold 180,282 Karooooo shares worth about $11.5 million since late July, while keeping a stake valued above $1.1 billion.
Zak Calisto
South African billionaire Zak Calisto sells $6.3 million of Karooooo stock in four days
Karooooo founder Zak Calisto sold 98,476 shares worth $6.3 million across four consecutive trading days, with the stock close to its 52-week high.
South African billionaire Zak Calisto's stake in Karooooo crosses $1 billion again after record quarter
Karooooo founder Zak Calisto's direct stake is worth about $1.05 billion after record subscriber additions lifted the vehicle-tracking group's value to $1.81 billion.
South African billionaire Zak Calisto's Karooooo posts record results as Cartrack accelerates
Billionaire Zak Calisto's Karooooo posted record full-year results as Cartrack subscription revenue rose 19%, and it raised its dividend 20% to $1.50.
Billionaire Zak Calisto's Cartrack faces scrutiny after a 29-year-old employee died at its Rosebank office
Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office on June 6, prompting calls for a Labour Department investigation.
Billionaire Zak Calisto's Karooooo delivers record earnings in FY2026 and raises dividend 20% as Cartrack accelerates across Africa
Karooooo posted record subscription revenue and adjusted EPS in FY2026, with Cartrack South Africa accelerating to 23% ARR growth and a 20% dividend increase declared.
South African billionaire Zak Calisto's Cartrack fined R5 million
Cartrack, the vehicle tracking company founded by billionaire Zak Calisto, has agreed to pay a R5 million fine and refund over R5.1 million to customers.
Billionaire Zak Calisto's Karooooo crosses two million subscribers in South Africa with Cartrack
Cartrack has crossed two million active subscribers in South Africa, a milestone for billionaire Zak Calisto's global tracking giant.
South African billionaire Zak Calisto gets regulatory green light to take joint control of King Price Insurance
South Africa's Competition Commission has backed Zak Calisto's bid to take joint control of King Price Insurance without conditions.
Tech billionaire Zak Calisto moves into insurance with planned stake in King Price
Competition regulators recommended approval of a deal tied to billionaire Zak Calisto to acquire a stake in King Price, the fast growing insurer.
Zak Calisto’s Karooooo makes Singapore fast growth list as Cartrack scales globally
Karooooo, led by Zak Calisto, earned a spot on Singapore’s 2026 fast growth list as Cartrack’s fleet platform expands across markets.
South African billionaire Zak Calisto's Karooooo posts $86.1 million in quarterly revenue
Karooooo Says Cartrack Growth Picked Up in Q3 as Recurring Revenue Jumps and Subscriber Adds Hit Record
South African billionaire Zak Calisto’s Karooooo drops below $1.5 billion
Karooooo shares fall 16 percent as investors take profits, cutting South African billionaire Zak Calisto’s stake to $847 million.
South African billionaire Zak Calisto’s Karooooo posts $20.5 million profit in Q2 as subscriptions jump 20%
Calisto says subscription revenue growth accelerated to 20%, supported by strong unit economics and a clean balance sheet.
South African tech tycoon Zak Calisto’s Karooooo stake rebounds above $1 billion
South African tech billionaire Zak Calisto’s Karooooo holding tops $1 billion after a stock surge and robust earnings.
Five new African billionaires have emerged so far in 2025
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.